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The global next-generation lithography materials market is projected to reach $1,005.3 million by 2031 from $85.7 million in 2021, growing at a CAGR of 29.46% during the forecast period 2022-2031NEW YORK, Jan. 3, 2023 /PRNewswire/ -- Global Next-Generation Lithography Materials Market to Reach $1,005.3 Million by 2031 Market Segmentation: Segmentation 1: by Application • Automotive • Consumer Electronics • IT & Telecommunications • Others In 2021, the consumer electronics sector segment dominated the overall next-generation lithography materials market in terms of value and volume, and it is expected to continue dominating the market till 2031. Segmentation 2: by Material • Photoresist Material • Ancillary Material The global next-generation lithography materials market is estimated to be led by photoresist material. Segmentation 3: by Region • North America - U.S., Canada, and Mexico • Europe - Germany, France, Sweden, Spain, and Rest-of-Europe • China • U.K. • Asia-Pacific and Japan - Japan, South Korea, Taiwan, India and Rest-of-Asia-Pacific • Rest-of-the-World Asia Pacific and Japan led the next-generation lithography materials market in 2021 and is anticipated to uphold its dominance throughout the forecast period (2022-2031), owing to the presence of significant semiconductor players such as Taiwan Semiconductor Manufacturing Company Limited (TSMC), Samsung Electronics Co., Ltd. Recent Developments in the Global Next-Generation Lithography Materials Market • In August 2022, JSR Corporation signed an investment agreement with the Lingang Special Area Government to establish a subsidiary in Shanghai. This is expected to expand JSR Group’s business activities in the Chinese market relating to semiconductor materials. It is tentatively scheduled to begin operations in December 2022. • In January 2021, Industrial Technology Research Institute (ITRI) and DuPont de Nemours, Inc. established a semiconductor materials laboratory in Hsinchu, Taiwan. DuPont is expected to conduct semiconductor material research, development, and enhancement in collaboration with ITRI, as well as accelerate pilot testing and commercial viability to support DuPont’s customers as they seek the next generation of semiconductors in Taiwan. • In October 2020, Shin-Etsu Chemical Co., Ltd. invested around $278 million (Â¥30 billion) in photoresist manufacturing facilities in Japan and Taiwan. Shin-Etsu is expected to continue making facility investments to meet the rising demand for photoresists, which are critical in cutting-edge semiconductor manufacturing, as well as technological advancements. Demand â€" Drivers and Limitations Following are the demand drivers for the next-generation lithography materials market: • Rising Proliferation of Feature Phones, and Tablets • Increasing R&D Activities on Next-Generation Lithography Materials The market is expected to face some limitations due to the following challenges: • High Cost of Raw Materials • Limited Number of Players Offering Next-Generation Lithography Machinery How can this report add value to an organization? Product/Innovation Strategy: The product segment helps the reader understand the technology used in manufacturing next-generation lithography materials, including photoresist and ancillary material. Moreover, the study provides the reader with a detailed understanding of the next-generation lithography materials market by different application sectors (automotive, consumer electronics, IT & telecommunications, and others). Growth/Marketing Strategy: The global next-generation lithography materials market has seen development by key players operating in the market, such as product launches, business expansion, partnership, collaboration, acquisition, and joint venture. The favored strategy for the companies has been expansion and collaboration to strengthen their position in the next-generation lithography materials market. For instance, in February 2021, JSR Corporation joined Inpria Corporation’s Series C funding round to support the company’s initiatives for commercializing EUV (Extreme Ultraviolet) photoresists. Competitive Strategy: Key players in the global next-generation lithography materials market analyzed and profiled in the study involve next-generation lithography materials manufacturers and the overall ecosystem.Moreover, a detailed competitive benchmarking of the players operating in the global next-generation lithography materials market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market. Key Market Players and Competition Synopsis The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the prominent names established in this market are: • Tokyo Ohka Kogyo Co., Ltd (TOK) • JSR Corporation • DuPont de Nemours, Inc. • Shin-Etsu Chemical Co., Ltd • Fujifilm Corporation. • Sumitomo Chemical Co., Ltd. • Allresist GmbH • micro resist technology GmbH • Merck KGaA • Dongjin Semichem Co. Ltd. • Brewer Science, Inc. • SACHEM, INC. • Kayaku Advanced Materials, Inc. • Avantor Performance Materials Inc. • Irresistible Materials Ltd • Weifang Startech Microelectronic Materials Co., Ltd. • KemLab Inc. • Jiangsu Nanda Photoelectric Materials Co., Ltd • Shenzhen Didao Microelectronics Technology Co., Ltd Countries Covered • North America • U.S. • Canada • Mexico • Europe • Germany • France • Spain • Sweden • Rest-of-Europe (RoE) • U.K. • China • Asia-Pacific and Japan • Japan • South Korea • India • Taiwan • Rest-of-Asia-Pacific • Rest-of-the-World • Middle East and Africa • South America Read the full report: https://www.reportlinker.com/p06377607/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker |